Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Botswana reassessing the HB Antwerp agreement after Lucara severed ties

02 october 2023

The Botswana government is reconsidering their partnership with HB Antwerp after Lucara Diamond terminated their sales agreement with the Belgian gem trader, according to President Mokgweetsi Masisi.

Lucara cited failure to meet financial obligations as the reason for ending the deal, triggering the need for further assessment by Gaborone.

"We have now learnt that the deal between Lucara and HB is off due to financial issues as it has been reported. It is for us now to determine the course of action we are going to take," Masisi was quoted by Reuters as saying at a press briefing.

Botswana agreed to buy a 24% stake in HB Antwerp earlier this year and supply them with rough diamonds for five years through the state-owned Okavango Diamond Company.

HB and Lucara signed a diamond sales agreement in 2020, which was renewed for a further 10 years in 2022.

HB Antwerp, a diamond processing and trading company, dismissed one of its three co-founders, Oded Mansori, from management in September due to disagreements about the company's direction.

Mansori plans to file a lawsuit against the company for wrongful termination.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished